LAKE GASTON WEED CONTROL COUNCIL

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

JEFF ZIMMER

Phone

2522572085

Tax Period

2023-07-01 to 2024-06-30

LAKE GASTON WEED CONTROL COUNCIL, founded in 1985, is a community nonprofit in the Environment sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $573K, a strong 28% operating margin.

Mission

AQUATIC WEED CONTROL

Program Service Accomplishments

Program 1

Expenses: $1,463,411

MAINTAIN AQUATIC WEED CONTROL ON LAKE GASTON IN VIRGINIA. THE PURPOSE OF THE PROGRAM IS TO PROTECT THE PLANT LIFE AND AMINAL LIFE BY CONTROLLING AQUATIC WEEDS THAT WOULD ENDANGER THE ENVIRONMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,021,698

Program Service Revenue $0

Investment Income $19,173

Other Revenue $0

TOTAL REVENUE $2,040,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,463,411

Other Expenses $1,468,161

TOTAL EXPENSES $1,468,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,040,871	$1,232,858	+0.7%
Expenses	$1,468,161	$1,268,820	+0.2%
Net Income	$572,710	$-35,962	-16.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ELTON BROWNIII	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN ZUBROD	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
WALLY SAYKO	SECRETARY	N/A	Officer Director	$0	$0	$0
JEFF ZIMMER	TREASURER	N/A	Officer Director	$0	$0	$0
JAY WARFEL	DIRECTOR	N/A	Director	$0	$0	$0
LJ DORNAK	DIRECTOR	N/A	Director	$0	$0	$0
GLENN BARBOUR	DIRECTOR	N/A	Director	$0	$0	$0
DIA DENTON	DIRECTOR	N/A	Director	$0	$0	$0
LYNNWOOD LITTLE	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTINA WELLS	DIRECTOR	N/A	Director	$0	$0	$0
LARRY R LILES	DIRECTOR	N/A	Director	$0	$0	$0
KELVIN EDWARDS	DIRECTOR	N/A	Director	$0	$0	$0
TARE DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
PETER J DESCHENES SR	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS FITTS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN FRANZ	DIRECTOR	N/A	Director	$0	$0	$0
ITIA ROBERTSON	DIRECTOR	N/A	Director	$0	$0	$0
JULIAN PHILLIPS	DIRECTOR	N/A	Director	$0	$0	$0
TOM TANNER	DIRECTOR	N/A	Director	$0	$0	$0
REGGIE OWENS	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$2,040,871	$1,468,161	$1,428,745	$572,710
2023	$1,232,858	$1,268,820	$856,035	$-35,962
2022	$1,198,340	$1,006,690	$891,997	$191,650
2021	$782,808	$777,796	$700,347	$5,012
2020	$834,738	$603,351	$695,335	$231,387
2019	$281,246	$453,225	$463,948	$-171,979
2018	$478,916	$347,276	$635,927	$131,640